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When comparing Moneydance vs Mint, the Slant community recommends Mint for most people. In the question“What are the best cross-platform budgeting apps?” Mint is ranked 3rd while Moneydance is ranked 11th. The most important reason people chose Mint is:
Mint can handle banking accounts, saving accounts, credit cards, etc. It consolidates all your accounts together so you do not need to put work into following multiple accounts.
Question Ranking
Pros
Pro Good selection of importable formats
Moneydance supports a good selection of formats, even ones that Quicken no longer does.
Pro Free trial version
Moneydance offers a free trial version so users can test the software before they decide to purchase.
Pro Cross platform
Moneydance is a cross platform app so for those that use multiple operating systems it will be much easier to import and export information to each OS running the same financial application.
Pro All accounts in one place
Mint can handle banking accounts, saving accounts, credit cards, etc. It consolidates all your accounts together so you do not need to put work into following multiple accounts.
Pro Organizes budget into categories
Mint splits your spending into different categories, such as gas or fast food, so you can see where you're spending too much money or how much you need to budget for.
Pro Alerts
Mint can be set to alert you to various events such as upcoming bills, or low balances on any accounts. It can be set to alert you from the app, through email or by text message. In addition you can sign up to recieve monthly emails about your money and ways to improve your budget.
Cons
Con Import tags all transactions on import under the same default category
Upon import of financial info, all transactions will be set to the same default category meaning the user will have to go back and change the category by hand to the correct one.
Con Costs money
Unlike most applications for Linux Moneydance does cost money, $49 to be exact. So while it is the most robust option available to Linux users, it will cost to be able to use it.
Con Not international
Only works for US & Canada banks, and even then there are banks (like EQ Bank) that have actively blocked access to Mint.
Con Online only
It does not work offline.
Con Unsafe
With very few exceptions, Mint isn't just syncing your data over, but is using your username and password to log directly into the bank website. Banks will not reimburse for any fraud or stolen funds that may result from this, or may use Mint as an excuse to not reimburse for charges or stolen funds that occur from other causes.
Con Categories organization not flexible
Con The budgeting part has too many bugs
Con Very complicated tool
Of course, it's powerful but also very complicated. Some would prefer tools which are less robust, has less features but are a lot easier.
